Saturday, 23, November, 2024

Economy

The meeting of the Uzbek-Tajik Intergovernmental Commission for Trade and Economic Cooperation was held in the city of Termez, which chaired by the Prime Ministers of Uzbekistan Abdulla Aripov and Tajikistan Kohir Rasulzoda.

Tax collections in Q1 2019 topped 18.4 trillion soums, which is by 1.7 times more than in 2018, the Tax Committee said in a statement.

The US$ 553 million Bukhara refinery modernization project will be launched in 2020, Uzbekistan 24 reported. After project completion, the refinery will have the capacity to process an annual 2.5 million tons of oil and gas condensate, thereby producing 1.2 million tons of Euro 5 standard gasoline, 200 thousand tons of aviation kerosene, 750 thousand tons of diesel fuel and 30 thousand tons fuel oil.

Uzbekistan plans to export 80 tons of gold in 2019, the Central Bank said in a statement. Uzbekistan reprotedly exported 70 tons of gold in 2018, while 80 tons a year earlier.

Power outages cost Uzbekistan economy US$ 6 billion annually, the Deputy Minister of Energy Sherzod Hujaev said at a briefing with reference to the Asian Development Bank.

Epsilon Development has increased natural gas production and is about to expand the gas pipeline infrastructure in Uzbekistan.

The new hydropower plant was built on the Tuyabogiz reservoir in the Uratchirchik district of the Tashkent province. The project, developed by JSC Hydroproject, was launched in July 2017, Xalq So’zi newspaper reported.

Uzbek Ambassador Nabijon Kasimov yesterday met with the Minister of Industry and Trade of the Czech Republic Marta Novakova in Prague, the Uzbekistan Foreign Ministry said.

Uzatom agency and the French Assystem will consider the possibility of creating an engineering JV, the Ministry of Energy said.

According to the March 18 amendments and addenda to the government decisions, the government will stop regulating the prices of two items, the Justice Ministry said.

Last year's trade turnover between the Central Asian countries topped US$ 12.2 billion, a 35% increase compared to 2017, Uzbek Deputy PM in charge of investments and foreign economic relations, Elyor Ganiyev announced at the first Central Asian Economic Forum on Friday in Tashkent.

Uzbekistan has suspended the Jizzakh refinery project, the deputy director of Neftegazinvest Husniddin Turayev said.

The Uzbek Minister of Energy Alisher Sultanov hosted the President of Air Products Corporation (USA), Mr. Seifi Ghasemi, the Ministry said.

Epsilon Development Company (USA) obtained the first gas influx from Talimarjan field, which is part of the Kultak-Kamashi investment block (Karshi district, Kashkadarya province), the company said in a statement.

Uzbekistan-Netherlands agribusiness forum and B2B meeting businesses of the two countries was co-organized on tuesday by the Uzbek Chamber of Commerce and Industry and the Ministry of Agriculture.

President of Uzbekistan Shavkat Mirziyoyev during his Navoi province trip visited Navoiazot joint stock company Tuesday.

B2Gold, a Canadian gold mining company, will conduct geological survey of three promising gold sites in the Navoi province, the Uzbek Foreign Ministry said in a statement.

The 3rd meeting of the Uzbekistan-UAE Intergovernmental Commission (IGC) for trade, economic and technical cooperation will be held in Tashkent on March 12.

The meeting of the Uzbek-Hungarian Intergovernmental Commission for Economic Cooperation was held in Budapest, during which the parties came to an understanding of the potential for further expanding bilateral cooperation in a number of areas.

The Russian Minister of Economic Development Maxim Oreshkin will visit Uzbekistan on March 7-10. The program of the visit includes a meeting of the working groups of Uzbek-Russian intergovernmental commission with the participation of officials of ministries, agencies, departments and state-owned companies of the two countries.